The management and employees of the Yeongdo Dockyard are excited that the order drought for five years would be finally ending and they will be able to normalize their operations. Currently about a half of 750 field workers at the dockyard are on unpaid leave.
A company official said, "This is owing to our company-wide cost-cutting effort as well as the global shipbuilding market showing signs of gradual recovery. We hope to normalize our operations and get back our reputation as the No. 1 shipbuilder in the world. The Subic Dockyard in the Philippine has also won an order for ten mid-sized container ships from a European ship owner." The company set its order booking target amount for its Yeongdo and Subic dockyards at $1.2 billion and $1.7 billion, respectively.
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